US EIA weekly oil inventory data w/e 10 August 2018

  • Prior -1.351m
  • OPD 3.660m
  • Cushing 1.643m v s-0.590m prior. OPD 1.640m
  • Gasoline -0.740m vs -0.250m exp. Prior 2.900. OPD -1.560m
  • Distillates 3.566m vs 1.000m exp. Prior 1.230m. OPD 1.940m
  • Production 10.90m vs 10.80m prior

A build was on the cards after the overnight data but not as big as this. WTI drops from 65.84 to 65.16.

Ryan Littlestone

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